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Abcourt's Directors have Approved a $1.6 M Exploration

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NYBob Member Level  Thursday, 09/26/19 06:32:47 PM
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Abcourt's Directors have Approved a $1.6 M Exploration Program on
the Sleeping Giant, Discovery and Flordin Gold Properties
V.ABI / ABNBF |

(via TheNewswire)
Rouyn-Noranda, Quebec, Canada - TheNewswire - September 10, 2019 -


Abcourt Mines Inc. (TSXV:ABI.V) (Berlin:AML-BE) and (Frankfurt Stock Exchange:AML-FF)
("Abcourt" or the "Mines Abcourt Inc.) is pleased to announce that
Abcourt's directors have approved a $1.6 M exploration program at
The Sleeping Giant Gold Mine,
Discovery gold mine property and
Flordin gold mine properties.



Sleeping Giant Gold Mine -
vein 8


At The Sleeping Giant Gold mine -

the objective is to explore the upper
part of vein 8 by diamond drilling.
A total of 6,000 meters is planned.
In the past, vein 8 was mined from level 485 m to level 975 m, where the
vein is relatively closer to shaft No 2.
The production totalled 628,000 tonnes with grade of 12.12 g/t Au.
Some lateral extensions were left as shown by several intersections
shown on the vertical projection of the plan attached.


On the upper levels, with a 32o to 45o dip the vein moves away from
shaft No 2 as it goes up.
In the past, with low gold prices, the exploration and mining of this
part of vein 8 was not considered feasible.

With the current gold price ($1,500 US or $2,000 CDA)
our mine geologist considers the upper part of vein 8
as a very nice exploration target with a potential of
1,3 M tonnes of mineralization with a grade of
about 12 g/t of gold.


Discovery Gold Mine Project -


The Discovery property covers the Cameron deformation corridor
in the western extension of the Flordin property held 100% by
Abcourt and
The Cameron Shear Gold Mine property -

held 50% by Jien Canada Mining Ltd and
50% by Abcourt Mines Inc.
The property was acquired from Deloitte Restructuring Inc.
on February 23, 2016.
There is no royalty to pay.

The Discovery property is located 60 km to the north-west of
the Lebel-Sur-Quevillon municipality, Quebec, Canada.
It is located on the SNRC 32F/06 map and straddle
the Desjardins and Bruneau townships border line.
The property is located on the Lac Simon Algonquin land of
category III.
It consists in 83 mining titles (CDC) totaling 4,165.7 hectares.

The gold mineralization on the Discovery property
is found in veins.
It is made up of 1 to 5% pyrrhotite and
pyrite associated with quartz-ankerite.
Walls are sometimes albitized and silicified.
The sulfides are disseminated or injected in irregular or
tension fractures.

Several drilling programs were done and mineral resources were
calculated in the past, but as additional holes were drilled
after the calculation of resources, Abcourt does not believe
that these resources are suitable for disclosure.

Most of the drilling in the past was done to outline
several veins or mineralized zones from surface to a depth of
about 300 meters.
The 2019 drilling program is planned to find
the depth extension of this mineralized zone.


Flordin Gold Mine Project -

The Flordin property consists in twenty-five (25) mining titles
in the Desjardins and Franquet townships located about 40 km
to the north of the Lebel-Sur-Quevillon municipality.
There is no royalty to pay.
The property was acquired from Deloitte Restructuring Inc.
on February 23, 2016.

The property covers the Cameron deformation corridor
over almost 4 km in the eastern extension of
the Discovery property, held 100% by Abcourt and
the Cameron Shear property held 50% by Jien Canada
Mining Ltd and 50% by Abcourt Mines Inc.
as mentioned previously.

The approximate UTM coordinates of the main showing
are 358,740 E and 463,840 N (zone 18).
The property is located in the Lac Simon Algonquin
category III territory.

Mineralization extends over a distance of 3 Km.
In the past, several holes were drilled and a
resource calculation was done by InnovExplo in 2011,

but Abcourt does not consider these calculations
as current and does not believe they are suitable
for publication.

In 1987-1988, a ramp was excavated in zone B and
two bulk samples were taken.
The bulk sample mineralization was treated at
the Bachelor mill and the following results were obtained:

- 5,174 tonnes at 2.51 g/t Au in 1987 (Sullivan/Bachelor)

- 4,053 tonnes at 4.25 g/t Au in 1988 (Cambior/Bachelor)

The objective of the 2019 drilling campaign is to outline
at depth some of the best gold intersections
obtained previously in the 2010 and 2011 drilling
by NAP Quebec Inc.


On the Discovery and Flordin properties, it is planned
to drill about 10,000 meters.


Abcourt Mines Inc. (ABMBF) a gold bargain very undervalued and oversold -
Thank you midtownmurphy RE: This low priced sleeper ready for take-off.
GLTY
smile)


https://abcourt.com/the-elder-mine/

https://abcourt.com/miningproperties/

About Abcourt Mines Inc.

Abcourt Mines Inc. is a gold producer and a Canadian exploration company
with strategically located properties in northwestern Quebec, Canada.
The Elder property has gold resources (2018) and
a positive P.E.A. study (2012).
Abcourt is focusing on the exploitation of the Elder mine.

The Abcourt-Barvue property has silver-zinc reserves (2014).
A feasibility study was completed in 2007 by Roche / Genivar.
A 43-101 update was completed in January 2019.
A total of 8.07 M tonnes of proven and probable reserves
with a grade of 51.79 g/t of silver and 2.83% of zinc
are available to be mined.
The portion mineable by open pit is 81.6% and the portion
mineable underground is 18.4%.
Inferred resources are 2.07 M tonnes with a grade of
114.16 g/t of silver and 2.89% zinc.

In 2016, Abcourt acquired the Sleeping Giant mine and mill,
located half-way between Amos and Matagami, in Abitibi,
Quebec, in the territory covered by the Plan Nord of
the Quebec government.
The mill has a capacity of 700 to 750 tonnes per day.
A NI 43-101 resource estimate was filed in May 2019.
A positive 43-101 feasibility study was completed recently
by PRB Mining Services Inc.
The mineral reserves are 10,900 tonnes in the proven
category with a grade of 12.20 g/t of gold and
475,625 tonnes in the probable category with
a grade of 11.85 g/t of gold.
The inferred resources are 93,100 tonnes with a grade
of 11.85 g/t of gold.

To know more about Abcourt Mines Inc. (TSXV: ABI),
please visit our web site at
http://www.abcourt.com
and consult our filings under Abcourt's profile on
http://www.sedar.com

This press release was prepared by Mr. Renaud Hinse, Engineer and
President of Abcourt Mines Inc. Mr. Hinse is a "Qualified Persons"
under the terms of Regulation 43-101.
Mr. Hinse has approved the scientific and technical disclosure.

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements that include risks and uncertainties. When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they are made. Except as may be required by law, the Corporation undertakes no obligation and disclaims any responsibility to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the Canadian-United States exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect revenue and production costs. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in Abcourt' annual and periodic reports. The forward-looking information contained herein is made as of the date of this news release.

For more information, please contact:

Renaud Hinse, President and CEO

T : 819 768-2857

F : 819 768-5475

Email: rhinse@abcourt.com

Dany Cenac Robert, Investor Relations

Reseau ProMarket Inc.,

T: (514) 722-2276 x456

Dany.Cenac-Robert@ReseauProMarket.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Click Image To View Full Size

TheNewsWire
September 10, 2019 - 9:40 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS

Ps.
The Discovery-Flordin Gold Mine Project -

The Discovery project has 166 claims with a total area of 4,166 hectares, 100% owned by Abcourt.
The property is located about 30 km to the north-west of Lebel-sur-Quévillon, Québec.
The gold at Discovery is found in quartz-carbonate veins in a deformed and metamorphosed gabbro.

The latest calculation of historical resources was made by
InnovExplo in 2008.
A significant gold mineralization is indicated.


As these resources are not considered current by Abcourt,
the Company is therefore prohibited under Canadian securities
regulations to publish them.

The Flordin Gold Mine property -

is located approximately 25 km to the north of Lebel-sur-Quévillon,
Quebec.
It consists of 25 cells covering 976 hectares, 100% owned by Abcourt.

In 2011, the project was re-assessed by Cadiscor Resources Inc.
with an open pit plan.


Again, the Company is prohibited to publish these results.

During the 2018 fall, Abcourt has completed a drilling campaign on
the Discovery and Flordin properties
(respectively 12 holes for 2,742 meters and
5 holes for 921 meters.
The main results of these drilled are provided in the press release
issued by the Company on March 20, 2019.

As additional holes were subsequently drilled on
the Discovery and Flordin properties, any future work
shall include an update of the mineral resources.



For more information, please contact:

Renaud Hinse, President and CEO

T : 819 768-2857

F : 819 768-5475

Email: rhinse@abcourt.com

Dany Cenac Robert, Investor Relations

Reseau ProMarket Inc.,

T: (514) 722-2276 x456

Dany.Cenac-Robert@ReseauProMarket.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA



My opinions are my own and and DD I post should be confirmed as unbiased
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